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Mike Oxlong · 10-10-2008, 02:49 PM

Looks like the big banks are going to give in and pass more of the rate cut on to Canadians:
http://ca.news.yahoo.com/s/capress/0...l/bank_lending

As far as the mortgage market goes it was quite common to get variable rate loans at Prime less .5 or .6

All of a sudden all of those are gone and even getting variable at Prime is tough. Lots of lenders are at Prime plus 1.

I'm curious to see if next week they will again start offering the below prime interest rates.

10-10-2008, 02:49 PM	#14
Mike Oxlong Got Oliver Klozoff Join Date: Feb 2003 Exp:	Looks like the big banks are going to give in and pass more of the rate cut on to Canadians: http://ca.news.yahoo.com/s/capress/0...l/bank_lending As far as the mortgage market goes it was quite common to get variable rate loans at Prime less .5 or .6 All of a sudden all of those are gone and even getting variable at Prime is tough. Lots of lenders are at Prime plus 1. I'm curious to see if next week they will again start offering the below prime interest rates.